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Dec 21, 2012
12/12
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the problem with china, china just went from head wind to tail wind. that's a great research company. research emotion, we decided was not worth selling or shorting. is it something to write home about? it's not bad. what matters is the tone of the market is much better than the tone out of washington. like i said, there's always ait. right here on "mad money." i'm jim cramer and i'll see you tomorrow. >>> good evening, everyone. i'm larry kudlow. so a crucial moment for our economy and for our right to bear arms. high drama on capitol hill right now as house republican speaker john boehner looks to pass his plan b fiscal cliff bill in a million dollar tax threshold. votes aren't there yet. that's why we are following this live through the whole thing this evening. >>> and as the president's new anti-gun violence task force starts work, we learn that now outside experts have yet joined that panel. meanwhile, the debate on gun control rages across the country. tonight we will hear from outspoken tv host piers morgan and former new york mayor rudolph giu
the problem with china, china just went from head wind to tail wind. that's a great research company. research emotion, we decided was not worth selling or shorting. is it something to write home about? it's not bad. what matters is the tone of the market is much better than the tone out of washington. like i said, there's always ait. right here on "mad money." i'm jim cramer and i'll see you tomorrow. >>> good evening, everyone. i'm larry kudlow. so a crucial moment for our...
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Jun 21, 2012
06/12
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not here, not in europe or china. even just the whisper of a moody's downgrade of major world banks sent traders to the sell button. first in business worldwide, we say. also tonight mitt romney lays out his ideas of immigration reform. president romney would not sidestep congress to secure the borders. he calls it an economic necessity. first a 250-point sell-off in the market. late this afternoon moody's cut the ratings of 15 major international banks. seema and mary have the stories. mary? >> joe, moody's long anticipated downgrades of 15 banks happened after the markets closed today. cutting the long term ratings on the banks citing exposure to the volatility and risk of outside losses inherent in the capital markets business. five u.s. banks, the long-term ratings were affected by the downgrades. the one that reacted most was morgan stanley. the long-term rating cut by two notches. there was anticipation it would be cut by three. so morgan stanley stock popped significantly in the after hours markets. the rest of
not here, not in europe or china. even just the whisper of a moody's downgrade of major world banks sent traders to the sell button. first in business worldwide, we say. also tonight mitt romney lays out his ideas of immigration reform. president romney would not sidestep congress to secure the borders. he calls it an economic necessity. first a 250-point sell-off in the market. late this afternoon moody's cut the ratings of 15 major international banks. seema and mary have the stories. mary?...
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Jul 6, 2012
07/12
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big exposure to china. from a technical standpoint that chart really looks like ge is going to take a hit. that's one that i would be looking to take profits in at this point. you can always buy it back. one point that comes to mind, even if china's gdp slows to 8% still phenomenal. what we are having is the removal of a tail wind. we have brick nations that were propping up, a weak u.s., a weak europe. at best it's a neutral. even though it's growth it will be taking away as we are obviously talking about it from the global economy but in a bigger way. i don't think you can look at it in an isolated way. look at it overall wholistically. it's a neutral at best but it will be a headwind. q two, three and maybe four. >> if people are looking on china and emerging markets to bail out the economy it won't happen. ge's energy infrastructure is one of the i would go with apple. >> despite the fake apple stores? >> that tells you how successful the brand is there. i was a skeptic saying they would be priced out o
big exposure to china. from a technical standpoint that chart really looks like ge is going to take a hit. that's one that i would be looking to take profits in at this point. you can always buy it back. one point that comes to mind, even if china's gdp slows to 8% still phenomenal. what we are having is the removal of a tail wind. we have brick nations that were propping up, a weak u.s., a weak europe. at best it's a neutral. even though it's growth it will be taking away as we are obviously...
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Oct 11, 2012
10/12
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i don't care about europe and china. i'm just saying in this country. they will probably follow. look, that means what? you start buying cyclicals, start buying industrials, start buying materials. you buy energy because romney is pro energy. you buy coal because romney is pro coal. you buy health care because romney won't nationalize the entire health care system. these are areas people will be buying on any dips or corrections >> i think you've got to buy everything if romney wins. i think we see a run in the market that takes us up 400 to 500 s&p points in a matter of six to eight months and that's a direct result of what you just described. progrowth and supply side are the answers to this problem we're in right now. >> and if take home pay is going up because of the romney/ryan tax cuts, as i believe it also, if it's anything like what happened were reagan in his across-the-board tax cut many years ago, take home pay goes up, the consumer cyclical stocks go up, jack bouroudjian, they go up, and that's a big surprise to a whole lot of people. >> a simple formula. when you giv
i don't care about europe and china. i'm just saying in this country. they will probably follow. look, that means what? you start buying cyclicals, start buying industrials, start buying materials. you buy energy because romney is pro energy. you buy coal because romney is pro coal. you buy health care because romney won't nationalize the entire health care system. these are areas people will be buying on any dips or corrections >> i think you've got to buy everything if romney wins. i...
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Dec 28, 2012
12/12
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. >> i've been reading kissinger's book on china, but he raises's broader question which is important. unfathomable as it is to americans there are parts of the world where they do not believe in alienable rights, right? they don't believe in human rights in the way that we do. >> exactly. and when we try to impose it on them they consider it a violation of their sovereignty. >> exactly. >> china feels that way often. russia, same thing. how far do we go in promoting human rights? the trade off that we'll get here. the law gets passed and human rights violators in russia can't come year and now 1,000 children don't come to the united states and people who want them don't get them. >> my personal view, no. they're glad to take our money and they've long had to put their money overseas, but they do not want human rights promotion and we've seen that inside russia and we've seen that against the crockdown on the internet and this is just the latest interaction of the series of things going back for more than a year against the political opposition and what they see is the u.s.-sponsored
. >> i've been reading kissinger's book on china, but he raises's broader question which is important. unfathomable as it is to americans there are parts of the world where they do not believe in alienable rights, right? they don't believe in human rights in the way that we do. >> exactly. and when we try to impose it on them they consider it a violation of their sovereignty. >> exactly. >> china feels that way often. russia, same thing. how far do we go in promoting...
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Dec 29, 2012
12/12
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i mean, can we be tough or russia because they're less important to us than say, china or saudi arabia? >> i think the russians would like us to be tougher. what is quite interesting is that vladimir putin might have stepped out too far on this issue. there are 600,000 orphans in russia right now which is more than they had during the time of world war ii. now, oftentimes the russians and russian public opinion can be quite anti-american except in this case almost 40% of russians actually support the act which when you consider it it's not a majority, but coming from a country that's often anti-american and public opinion that's really significant. >> when putin was signing the thing he said, so what if the living standards in other countries are better than ours? so what? i don't care. should we all move there? he doesn't really care. >> well, actually what he's touching on is another debate, a demographic debate which he is very worried about that many russians, young russians are leaving the country. russia's population is in decline. what president obama should do is stick to his g
i mean, can we be tough or russia because they're less important to us than say, china or saudi arabia? >> i think the russians would like us to be tougher. what is quite interesting is that vladimir putin might have stepped out too far on this issue. there are 600,000 orphans in russia right now which is more than they had during the time of world war ii. now, oftentimes the russians and russian public opinion can be quite anti-american except in this case almost 40% of russians actually...
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Nov 28, 2012
11/12
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look at what is happening in china. they are in the middle of a soft landing. by the time we get to the point where we see valuation become the story again, we could see the market again. >> i think it is a lousy way to determine the role in washington. it seemed to come around the time of the bickering. so maybe that is the case. i mean i got to believe. i may not like the deal because taxes may go up, but the fact is, some deal is probably going to be made. i ask you, if there is a compromise, whether it is great or not. what does that do to the stock market? >> it can be positive. you have a market where earnings are going to turn quickly. the s&p 500 formed price to to earnings ratio is 12. you can see them ricese a pointr two. powerful indeed. that is a positive scenario from what could result from washington to get together and make a long-term move. when we start talking about a once in a life time. >> coming back to this. we had senator pat toomey on. real smart guy. i said well, senator, what is going to happen. he said i don't know. i sa i said presid
look at what is happening in china. they are in the middle of a soft landing. by the time we get to the point where we see valuation become the story again, we could see the market again. >> i think it is a lousy way to determine the role in washington. it seemed to come around the time of the bickering. so maybe that is the case. i mean i got to believe. i may not like the deal because taxes may go up, but the fact is, some deal is probably going to be made. i ask you, if there is a...
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Feb 4, 2012
02/12
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but i also agree in terms of china, we've been talking about china for a while. we do think there's a soft landing there. and so a combination of some global industrials, to your point, but then also -- >> favorite picks. be specific. >> so on the industrial side i like dover and i like eaton. in technology i still like the semiconductors very much. they're leading indicators and they've been very strong, but still cheap. like a broadcom is very cheap. and the apple derivative. financials, i still like the insurance companies. i like prudential a lot. and -- >> and last one. when do we break the all-time highs of october 2007? when, when, when? >> let's just take baby steps here. let's get excited about what we have here. >> baby steps p i want the vision thing. s with your vision thing tonight? >> we're just getting the ball rolling here. let's enjoy it. >> game changer, folks. that's all k say. stephen weiss, phil orlando and stephanie link. coming up on kudlow with the economy improving a zero interest rate from the fed seems absolutely absurd to me. does the
but i also agree in terms of china, we've been talking about china for a while. we do think there's a soft landing there. and so a combination of some global industrials, to your point, but then also -- >> favorite picks. be specific. >> so on the industrial side i like dover and i like eaton. in technology i still like the semiconductors very much. they're leading indicators and they've been very strong, but still cheap. like a broadcom is very cheap. and the apple derivative....
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Jun 29, 2012
06/12
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they will get hurt by china and europe, no question. is that a rearview mirror or what? >> it depends what you're looking at. stay away from commodities, china you say they overestimate, i say they lie about the numbers, and i'm looking for a close -- i don't have to be that polite, but i don't have a nightly show. but to me, they're going towards a hard landing. if they get there or not is another issue. >> there are issues out there, but it got my attention today's rally. thank you gentleman, very much. let me go to an old friend of the show, jeff frankle, who is professor of -- what is it, public policy? >> it's capital formation and growth at harvard's kennedy school of government. >> thank you for coming back on the show. jeff, you tell me, you know a lot about european politics, there's a tarp like setting going directly into recapitalizing banks. it's going to be hon tored by their bailout fund, but here is the thing that i like. they're setting up a bank board, a supervisory board to monitor this under the european central bank. there is structure, and when i saw
they will get hurt by china and europe, no question. is that a rearview mirror or what? >> it depends what you're looking at. stay away from commodities, china you say they overestimate, i say they lie about the numbers, and i'm looking for a close -- i don't have to be that polite, but i don't have a nightly show. but to me, they're going towards a hard landing. if they get there or not is another issue. >> there are issues out there, but it got my attention today's rally. thank...
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Aug 28, 2012
08/12
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. >> another factor for our economy could be china. big story about china inventories expanding and a glut, real estate glut. how bad is the china story? >> there's a couple of things going on. their orders are weakening because europe is in a recession. their currency has begun to weaken. it's been strengthening now since 1994. and so really, and therefore that means u.s. wizes are going to feel different price levels coming out of china. so both of those are important to the u.s. >> huge risks on both sides. >> i call it crunch points that come to a head in september. in part, because the u.s. isn't proposing any solutions on the act says spending or tax side. it's been remarkable to me that the administration hasn't put forward any plan to fix the tax increases. >> has mitt romney put forward a credible plan? >> he's had a plan from the beginning. and it's very credible. i think what needs to be seen is, as president, can you really lead through that. remember, ronald reagan came in with good plans but it took lots of work to -- >>
. >> another factor for our economy could be china. big story about china inventories expanding and a glut, real estate glut. how bad is the china story? >> there's a couple of things going on. their orders are weakening because europe is in a recession. their currency has begun to weaken. it's been strengthening now since 1994. and so really, and therefore that means u.s. wizes are going to feel different price levels coming out of china. so both of those are important to the u.s....
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May 25, 2012
05/12
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we brought up china earlier. china is deteriorating. their imports of semiconductors and iron ore and coal. you don't want to mess around with semiconductor companies. apple, keeping with the theme of cheap relative price to earnings and with the theme of best in breed. if you are going anywhere, picking individual stocks, a company like apple interesting. couples that are build the cloud, making the processes cheap. making the way of doing business cheap, that's you what want to stick with. again, saving money, you want to look for ways to cust costs. >> and one final idea as we go to break here. >> we have a neutral on apple. we'll pie check. our analyst is concerned about the pays of subsidies going forward and not that apple is not a super attractive company from a retailing and product standpoint, but i think sort of we're a little concerned about whether or not the pace of subsidies will continue, and if that's accurate, then there is a real concern about the stock going forward. >> let's clarify for viewers going forward. they mi
we brought up china earlier. china is deteriorating. their imports of semiconductors and iron ore and coal. you don't want to mess around with semiconductor companies. apple, keeping with the theme of cheap relative price to earnings and with the theme of best in breed. if you are going anywhere, picking individual stocks, a company like apple interesting. couples that are build the cloud, making the processes cheap. making the way of doing business cheap, that's you what want to stick with....
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May 10, 2012
05/12
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what are you looking at in ch a china? >> generally our thesis is that the u.s., europe, japan goes without saying are stuck in the slow-growth environment. so we generally like the emerging markets, we see better growth prospects there. you can buy these markets now at a significant discount. any time in the past 20 years, you've been able to buy stock down 20% or more from a valuation perspective. one other thing. there was a silver lining for merging markets the slow-growth world. and that is lower inflation. a big head wind for 2011. as inflation falls in brazil. these are countries that have been traumatized in the past. investors bid up the multiples. china, brazil, very cheap, a lot of room for multiple expansion if these countries, engineer soft landing. >> with all due respect, though, you're looking at china. i don't know why we want to send u.s. investors to places that are politically unstable and we don't have transparency. when you have something as simple as japan, which is cheap, and 100-year recession. >>
what are you looking at in ch a china? >> generally our thesis is that the u.s., europe, japan goes without saying are stuck in the slow-growth environment. so we generally like the emerging markets, we see better growth prospects there. you can buy these markets now at a significant discount. any time in the past 20 years, you've been able to buy stock down 20% or more from a valuation perspective. one other thing. there was a silver lining for merging markets the slow-growth world. and...
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Jun 25, 2012
06/12
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numbers out of china. you know about china. looks like the numbers out there will be less than we thought. question, will there be enough profits to get us some kind of stock market rally? i'm talking u.s. profits and worldwide profits, mike holland. >> first of all, glad to see you're back, my friend. glad you're healthy, number one. number two, the answer is, yes, we'll have enough profit. that's a great way to describe it, larry. what we have is a situation where the slowing in the second quarter, beginning with china, europe is europe. it's a mess. the u.s. will have grudging growth. but companies have done reasonably well. i think we'll have continued negative announcements -- preannouncements coming out. we've got more this time than we had last quarter. i think this is probably later in terms of economic activity in china. probably the u.s. as well. i think we'll have slow grudging growth going through the end of the year with the companies able to make a reasonable amount of money. one final point. the valuation of the
numbers out of china. you know about china. looks like the numbers out there will be less than we thought. question, will there be enough profits to get us some kind of stock market rally? i'm talking u.s. profits and worldwide profits, mike holland. >> first of all, glad to see you're back, my friend. glad you're healthy, number one. number two, the answer is, yes, we'll have enough profit. that's a great way to describe it, larry. what we have is a situation where the slowing in the...
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Jul 11, 2012
07/12
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but it tells me that the situation in china is even worse. and that tells me it's a good time to be cautious, barry knapp. >> i agree. i think that the net export channel is a huge problem for them. all they're doing is promulgating a further investment bust in areas like steel. it's absolutely inevitable that that happens. i agree with your former point, though, as well about fed policy not doing much of anything in this case. i think it's a long-term negative as well. i think we're going to flirt with that recession dynamic. i don't think we'll get one either. i would agree with your other guests. but i do think i would flirt with that in the coming month or so. >> on the china thing, it really depends on how they do their stimulus. if they do construction stimulus, that's probably not a good thing. they can also try to do consumption stimulus. they used to handout out cards to people. >> i love you, but they're pouring money into steel mills. central planning, socialist communist mistakes. that story read like a karl marx primer on the fro
but it tells me that the situation in china is even worse. and that tells me it's a good time to be cautious, barry knapp. >> i agree. i think that the net export channel is a huge problem for them. all they're doing is promulgating a further investment bust in areas like steel. it's absolutely inevitable that that happens. i agree with your former point, though, as well about fed policy not doing much of anything in this case. i think it's a long-term negative as well. i think we're...
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Mar 8, 2012
03/12
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it's the 40th anniversary of nixon going to china. and china has been on everybody's mind. i know you coffer this closely in the state department. what does it mean they're lowering their growth target? >> it doesn't mean very much. in fact, they have lowered their growth target before and almost always exceeded that. what they're trying to do i think is cool the economy down a little bit, particularly signal to the provinces to cool down infrastructure spending. there has been a lot of that, and to cool down real estate spending. but they're not going for the rapid growth before they're going for a higher quality growth, more distribution. they're going to build a safety net in so that people will instead of saving money will spend money, consume more. but i don't think it's going to dramatically change the economy at all. >> that point you made about a little slower on infrastructure, and i'm just going to say state-run investment in general, that fair? >> state-run and provincial-run. >> will they continue along more of a market path? china still has a lot of state-run i
it's the 40th anniversary of nixon going to china. and china has been on everybody's mind. i know you coffer this closely in the state department. what does it mean they're lowering their growth target? >> it doesn't mean very much. in fact, they have lowered their growth target before and almost always exceeded that. what they're trying to do i think is cool the economy down a little bit, particularly signal to the provinces to cool down infrastructure spending. there has been a lot of...
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Apr 19, 2012
04/12
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not only that, you can buy some asia, look at china. this is an economy that monetary policy is working. their loans shot up, credit's getting out into the system. you can buy china the way i like to play to the caf, which is the shares, an etf that trades the a shares in china, you get exposure to the domestic chinese economy. >> do you stay with the growth cyclicals? do you play the economy? do you play the election? what do you think? >> yeah, i actually would play the economy regional banks. kre, and again, you get the regional banks that are out there doing the lending -- >> making loans -- >> banks are making loans, they -- they are making money. i mean we've even seen it from the big money center banks that are making money. and if the economy -- nobody seems to believe it -- >> even if vikram pandit is not -- >> is there anything wrong with that? anything wrong with that? >> they're the ones that own the company, they're the ones that set the rules. >> that's right. >> i don't know if you get the best talent that way. but for ri
not only that, you can buy some asia, look at china. this is an economy that monetary policy is working. their loans shot up, credit's getting out into the system. you can buy china the way i like to play to the caf, which is the shares, an etf that trades the a shares in china, you get exposure to the domestic chinese economy. >> do you stay with the growth cyclicals? do you play the economy? do you play the election? what do you think? >> yeah, i actually would play the economy...
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Sep 27, 2012
09/12
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they're paralyzed by europe, china, dysfunctional washington, d.c. and that's why you're not seeing factory production and durable goods production or capital investment in general. so let's talk about this situation. joining me now, dan greenhouse, chief global strategist, michael ozainian, co-host of sports money on the s channel. >> that's correct. >> you have to explain to me what really a collapse of durable goods, very important investment in manufacturing indicator, and the downturn, downdraft of gdp, stocks went up anyway. up 100 points for a lot of the day, finished up 72. >> stocks are going up because central banks are printing money. the animal spirits of capitalism in this country are on strike. gross fixed capital investment was unchanged in the quarter. a year ago, it was un5%. corporate profits don't even look good to me. looking at about 2% annual growth. good and revised up slightly. >> this is supposed to be a recovery. we're supposed to be seeing 5%, 6% growth. instead the trend is down. they're saying 1% earnings in 2013? no way.
they're paralyzed by europe, china, dysfunctional washington, d.c. and that's why you're not seeing factory production and durable goods production or capital investment in general. so let's talk about this situation. joining me now, dan greenhouse, chief global strategist, michael ozainian, co-host of sports money on the s channel. >> that's correct. >> you have to explain to me what really a collapse of durable goods, very important investment in manufacturing indicator, and the...
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May 3, 2012
05/12
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and things are slowing down and china's -- >> you cover the international beat also. are you worried about the french election, the spanish election, the spanish government, and the dutch election and the greece election? >> larry, i spoke to the man who brought down the dutch government this week. he told me he thinks spain's bankruptcy is a matter of weeks. spain is not italy. they don't have any brand names to sell. they don't have any national assets. they have a very bad banking system. so spain will bring the eurozone down at some point. but they'll kick the can down the road. it's not something that the american investors will hear about yet, but it is something to worry about three to six months from now. >> just a quickie on jobs. jobs are jobs, the whole world is watching. what are the parameters of tomorrow for terms of bullish or bearish. >> the whisper numbers are 120,000, flat with last month. i think if it comes in 120,000, maybe you're okay because then the qe-3 camp says victory. if you get a number close to 100,000, qe-3's not going to help at all. >
and things are slowing down and china's -- >> you cover the international beat also. are you worried about the french election, the spanish election, the spanish government, and the dutch election and the greece election? >> larry, i spoke to the man who brought down the dutch government this week. he told me he thinks spain's bankruptcy is a matter of weeks. spain is not italy. they don't have any brand names to sell. they don't have any national assets. they have a very bad...
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Mar 20, 2012
03/12
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we've become poorer. >> china does not help commodities if china is soft. are you betting that china is going to come back faster? >> yeah, i think china is going to come back 6%, 7% growth. i think china is a growth story. i don't think they're about going to hell in a hand basket. >> can i make a pitch for japan. nobody wants japan except japan is up 20% year-to-date. >> it is, but -- >> it is in a recovery. >> the demographics are terrible. they're coming off what was a natural disaster low. let me take the other side of china and commodities. i think -- i wouldn't touch commodities. i'm short some commodities. gold to me is an emotional trade. you can't even figure out how to value it. nobody i go to can figure out how to value it. what's the fear level? >> gold has built in like a 50% inflation rate. >> yeah. >> we've been correcting. is gold going to continue to correct? >> i think it will because a lot of people got in late looking for gold 3,000, gold 4,000. we've seen this before. it's the housing bubble. i think gold comes down. i think steel cont
we've become poorer. >> china does not help commodities if china is soft. are you betting that china is going to come back faster? >> yeah, i think china is going to come back 6%, 7% growth. i think china is a growth story. i don't think they're about going to hell in a hand basket. >> can i make a pitch for japan. nobody wants japan except japan is up 20% year-to-date. >> it is, but -- >> it is in a recovery. >> the demographics are terrible. they're coming...
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Dec 1, 2012
12/12
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some people are saying that china is also reinflating and they had a soft landing. then what about europe? i've seen some people touting europe. if you look at the financial fear indicators in europe, that crisis is basically over. >> well, yes, it is. i don't know if you can capture in the frame on the camera. what i'm doing here, i'm patting myself on the back. who is it who's been telling your viewers for two years every time there's one of these trumped-up crises in europe to buy it. now there's been a solution. europe has been stabilized. it's actually the brightest place for investors on the planet. i'm sorry you missed the bottom but it's not too late. you look at after hearing that segment on the u.s. government making the decision to debase paper coins by turning them into -- paper money by turning them into junk disposable paper coins? well what would you rather own? the ten-year american bond, treasury bond yielding what, 1.6%? or would you rather have a spanish bond denominated in the strongest currency in the world, the euro, paying 5.5%? i'll take spai
some people are saying that china is also reinflating and they had a soft landing. then what about europe? i've seen some people touting europe. if you look at the financial fear indicators in europe, that crisis is basically over. >> well, yes, it is. i don't know if you can capture in the frame on the camera. what i'm doing here, i'm patting myself on the back. who is it who's been telling your viewers for two years every time there's one of these trumped-up crises in europe to buy it....
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Oct 1, 2012
10/12
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said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side?
said standing up to china was "bad for the nation and our workers." how can mitt romney take on the cheaters... when he's taking their side?
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Nov 22, 2012
11/12
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china and india reafarmed they won't accept greenhouse gas control. greenhouse gas is from canada as a threat to the world is really just bogus. >> we are the least -- last one ken grown, real fast. what about north american energy independence? this changes our security position relative to the middle east. it has to be a good thing. i give you 20 seconds. >> yeah. global trade and energy is good but we are already on the way to north american energy independence between our own growth in oil and gas and ka kan da's export to the united states. we can easily be there in 20 years. at which point north america would be an energy powerhouse exporting energy to around the world to everybody's benefit. >> thank you, gentlemen. tyson and ken. >> have a good thanksgiving. >> this slast thing you want it see on one of the busiest travel days of the year. union workers protesting outside l.a. international airport. are you kidding me? one of the best parts of this story is no one even invited them. the very people they think they are representing don't want t
china and india reafarmed they won't accept greenhouse gas control. greenhouse gas is from canada as a threat to the world is really just bogus. >> we are the least -- last one ken grown, real fast. what about north american energy independence? this changes our security position relative to the middle east. it has to be a good thing. i give you 20 seconds. >> yeah. global trade and energy is good but we are already on the way to north american energy independence between our own...
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Mar 10, 2012
03/12
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if china's doing better and the u.s. is doing better and we're creating more jobs here, why are these cyclical growth industries not doing better? >> well, hold on, china's not doing better. they're doing okay. they might be doing better than expectations. but they're not doing better. they revised the numbers downward, and we're seeing numbers -- revised downward across the globe. brazil is easing. the ecb is easing. the bank of england is easing. u.s. we're still easing. if things are so hot and really improving so much, why is everybody in the world easing? >> that sounds great. if they're all easing, isn't that good? >> it is. it's good for stocks. >> in the long run it's probably terrible, but in the short run it's probably good. yes? >> i agree. but this notion that growth is better than expectations, it's actually coming in below expectations in both china and europe. so i think we have to be very careful here. >> i think china's coming in the -- >> we're coming in from a bottom. we revised so downward in the q4,
if china's doing better and the u.s. is doing better and we're creating more jobs here, why are these cyclical growth industries not doing better? >> well, hold on, china's not doing better. they're doing okay. they might be doing better than expectations. but they're not doing better. they revised the numbers downward, and we're seeing numbers -- revised downward across the globe. brazil is easing. the ecb is easing. the bank of england is easing. u.s. we're still easing. if things are...
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Jul 5, 2012
07/12
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for example, we had a big kick from china during 2011, pure stagnation in exhorts to china in 2012. that will probably improve has the chinese stimulus kicks in. but the decisive thing, which is the overall gdp commitment of nonresidential private fixed investment is worse than at any time in the post-war period. we've never been at 10% -- >> i have to leave it there. >> that's obama. >> dean baker, in the last # 0 days, i have seen a lot of signs and i call them as i see them. there's deflationary signs. >> bring me on next week to laugh if it's a bad number tomorrow. >> thank you both very much. >>> up next, mitt romney -- the thermometer is in triple digits, too. matters. pioneers in outsourcing us jobs supports tax breaks overseas. insourcing. industry and favors bring jobs home. it matters. this message. ♪ ♪ ♪ ♪ [ male announcer ] what's the point of an epa estimated 42 miles per gallon if the miles aren't interesting? the lexus ct hybrid. this is the pursuit of perfection [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have on
for example, we had a big kick from china during 2011, pure stagnation in exhorts to china in 2012. that will probably improve has the chinese stimulus kicks in. but the decisive thing, which is the overall gdp commitment of nonresidential private fixed investment is worse than at any time in the post-war period. we've never been at 10% -- >> i have to leave it there. >> that's obama. >> dean baker, in the last # 0 days, i have seen a lot of signs and i call them as i see...
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Oct 10, 2012
10/12
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but china's doing well. germany's exports -- china's were up 10% year over year in august. >> the doom and gloom is not wrong yet. >> germany's exports -- the u.s. are up 15% year-on-year. the people who know how to do things right still show strength and if they're unleashed -- >> i want to get -- unleash. that's the key word. president obama has kept a short leash on american business with his regulatory and tax threats. that's why this guy from florida today was going crazy. but mike holland, as an investor, how are you playing this? i see opportunities galore. i'm in a very optimistic mood tonight. but i'm laser-like focusing in. here's in election, there's a predict revolution right in front of our noses and a lot of times we don't see it. if that's remotely true, what are you buying? >> you have to own the biggest quality companies that are at the lowest possible prices given just what you talked about. having said that, i want to pile on with david's comments about the world economy. china, the second
but china's doing well. germany's exports -- china's were up 10% year over year in august. >> the doom and gloom is not wrong yet. >> germany's exports -- the u.s. are up 15% year-on-year. the people who know how to do things right still show strength and if they're unleashed -- >> i want to get -- unleash. that's the key word. president obama has kept a short leash on american business with his regulatory and tax threats. that's why this guy from florida today was going...
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Sep 4, 2012
09/12
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china is probably in worse shape than people this i. despite car sales is, people are not in great shape. fedex downgraded their outlook based on their global view. of all the indicators, the fedex indicator may be the most important. are you a bull or a bear right now? >> you know, i. 'still a pull long term for the rest of the year. you've got a lot of cash still sitting on the sidelines. we hear about it. this market has gone up in the course of the summer on light volume. i talk to portfolio managers in cash and scared. on their door it says portfolio manager. it doesn't say horder of cash. so now they're going to have to start worrying. if they don't -- and i say they. i'm talking about the perma bears and the nonbelievers do not get a break within the next couple of weeks, this could be a september to remember. it could be one of those moves up. all right, jack, we appreciate it. thanks. comingi coming up, polar extremes in policy. reagan versus obama. one work, one doesn't. reagan's solution, lower taxes and other barriers to gro
china is probably in worse shape than people this i. despite car sales is, people are not in great shape. fedex downgraded their outlook based on their global view. of all the indicators, the fedex indicator may be the most important. are you a bull or a bear right now? >> you know, i. 'still a pull long term for the rest of the year. you've got a lot of cash still sitting on the sidelines. we hear about it. this market has gone up in the course of the summer on light volume. i talk to...
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Oct 24, 2012
10/12
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china's being hurt a lot by europe and by the u.s. weakness, but they've found a way to get more of the growth to come from their consumers. and that's enough, people are celebrating in hong kong. so i think that is a stabilizing force in this global recession risk that we're in. and it's going to come down to what the actions -- how the u.s. actually deals legislatively with this tax increase. we can focus right down onto that and say, for example, after -- let's say president obama is re-elected. if his first words coming out of the block are that he'd like to have an extension of time in order to sort out some of the fiscal cliff, that would be very bullish. and vice versa. if governor romney wins and president obama says i'm willing to give you or grant you as i leave office an extension of time on the tax hike -- >> but he hasn't really said -- michelle, i don't want to politicize this whole thing, but so far, michelle, what we know, president obama has said he will not extend all the bush tax cuts for a second time. he did exten
china's being hurt a lot by europe and by the u.s. weakness, but they've found a way to get more of the growth to come from their consumers. and that's enough, people are celebrating in hong kong. so i think that is a stabilizing force in this global recession risk that we're in. and it's going to come down to what the actions -- how the u.s. actually deals legislatively with this tax increase. we can focus right down onto that and say, for example, after -- let's say president obama is...
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Jun 11, 2012
06/12
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., china and other countries are going to have to put their shoulder behind the wheel through the imf. the united states has not even voted through its share of the quota increase in 2009. i think actually i would see the opposite here. i do share one concern that these programs have not been well designed. rather than focusing on fundamental structural reform of the fiscal problems downsizing the role of government they have focused too heavily on short-term budget cuts, mostly through tax increases. >> we're always out of time. can you v give me a brief last word? >> i think out's important that you distinguish between the quota. i'm not saying the united states should pull out of the imf. there are commitments we have made. that's an important role. the $100 billion was a separate line of credit authorized. there's a lack of community indication. it's become a blank check for the obama administration. >> thank you very much, charles and cathy. appreciate it. up next, president obama defining moment that will probably cost him his re-election. here's a treat. take a listen to presid
., china and other countries are going to have to put their shoulder behind the wheel through the imf. the united states has not even voted through its share of the quota increase in 2009. i think actually i would see the opposite here. i do share one concern that these programs have not been well designed. rather than focusing on fundamental structural reform of the fiscal problems downsizing the role of government they have focused too heavily on short-term budget cuts, mostly through tax...
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Jun 12, 2012
06/12
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china is low. emerging markets in india and brazil are slow. how do we know, michael farr, we're not already in a global recession? >> well, we don't, larry, of course. but you know, you listen to cnbc, you watch cnbc closely today and listen to the great jimmy rogers who's a brilliant guy and a nice man who points out, you know, as you look at oil and look at certain commodities and you watch the world develop, these will not be bad places to invest in future years. we have real concerns about what's going on in europe. they're not addressing the problem really the way they need to. we've got to vote in greece. greece is broke. they can't play for their debt and they're having a national vote right now to say will we accept austerity and keep sort of a bailout? or reject the whole thing and go back to the drachma? this is a huge denial. this is a diagnosis of terminal cancer and and a reaction of saying i'm going to drink carrot juice and take yoga and hope things are better by morning. reality hasn't dawned and by the type, it does, it could
china is low. emerging markets in india and brazil are slow. how do we know, michael farr, we're not already in a global recession? >> well, we don't, larry, of course. but you know, you listen to cnbc, you watch cnbc closely today and listen to the great jimmy rogers who's a brilliant guy and a nice man who points out, you know, as you look at oil and look at certain commodities and you watch the world develop, these will not be bad places to invest in future years. we have real concerns...
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Aug 15, 2012
08/12
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>> the market has been worrying about europe, iran, china, brazil. we are seeing data that's not particularly wonderful. even this data, while encouraging, is certainly not showing a robust economy. what's interesting to me about that data was we are seeing that, if you want to call it aftershocks of september, october last year when we saw problems in europe, particularly greece and italy with governmental change causing a pullback in senior officer survey. that's an indicator for industrial production. like clock work, nine months later we had weakening data. the good news is the last three data points showed an upward trend. >> very important. the other thing is the fiscal cliff. everyone is worried about the tax hikes that might be coming. i know you are worried, too. >> sure. >> i get reports from various executives. i hear it on the radio. the fiscal cliff is calling it to come back already. this doesn't show businesses or consumers are pulling back significantly. are we over estimating the cliff? >> we asked investors what do you think will ha
>> the market has been worrying about europe, iran, china, brazil. we are seeing data that's not particularly wonderful. even this data, while encouraging, is certainly not showing a robust economy. what's interesting to me about that data was we are seeing that, if you want to call it aftershocks of september, october last year when we saw problems in europe, particularly greece and italy with governmental change causing a pullback in senior officer survey. that's an indicator for...
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Apr 20, 2012
04/12
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. >> china is going to 8%. >> now they're growing at 3% annual rate. >> so the stock market is overpriced, and it's going to come in. >> the issue is whether we're stalling in the u.s. in the second quarter. >> are we stalling? >> and we aren't stalling. the data was strong in february, let down in march, because the weather didn't get even better than february. that's all that's happened so far. if europe collapses, we're going to have a big slowdown. >> nothing's changed. we're still growing. >> yeah. >> nothing's really changed, and all this stall-speak is really misleading people. but you think we are heading for something much worse. you've got 40 seconds. >> on the ltro, thank got there's a hiatus. >> you're back to europe. >> how about american businesses and consumers. forget europe. you're obsessed with europe. >> profits are slowing. >> how bad will that impact the economy? >> 14% to 13%, so contracts. that's all i'm saying. it's a bear in nominal terms for the summer. >> it depends on europe. >>> there you go. david, michael, thank you. i say the whole recover is on stall speed
. >> china is going to 8%. >> now they're growing at 3% annual rate. >> so the stock market is overpriced, and it's going to come in. >> the issue is whether we're stalling in the u.s. in the second quarter. >> are we stalling? >> and we aren't stalling. the data was strong in february, let down in march, because the weather didn't get even better than february. that's all that's happened so far. if europe collapses, we're going to have a big slowdown....
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Aug 29, 2012
08/12
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we would never train a general at west point and send him to china. we do have an illegal immigration problem. the laws must be enforced. we have a broken immigration system. we have -- >> what's wrong with worker permits, teaching english, american history? what's wrong at the end of the day with a path to citizenship? >> the problem is unfortunately it rewards illegal immigration and encourages it in the future. let me tell you who it is unfair to. the millions of people waiting to come here legally. i get them in my office every day. they say we have been waiting 7 years. what do i tell them? come illegal? it's cheaper and easier? sends a bad message. we have an issue of young kids brought here at 3, 4 years old. i would like to find a solution that's not amnesty. we have to cosomething that tackles the issue but doesn't do it in a way that encourages or rewards illegal immigration. >> has illegal immigration ever not been a growth factor? >> it's critical for the economy. we need immigration for the country to prosper. it has to be done in a way t
we would never train a general at west point and send him to china. we do have an illegal immigration problem. the laws must be enforced. we have a broken immigration system. we have -- >> what's wrong with worker permits, teaching english, american history? what's wrong at the end of the day with a path to citizenship? >> the problem is unfortunately it rewards illegal immigration and encourages it in the future. let me tell you who it is unfair to. the millions of people waiting...
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Aug 20, 2012
08/12
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given the slowdown in china. given the fiscal restraint already coming through, the head winds we have, the u.s. economy is being resilient. i hope we keep it up. >> you are the guru of bonds for blackrock. what's your favorite investment? >> you pressed me on the fed. as long as they keep pressing down they are forcing us into credit spreads. they are hording the duration and curve. >> what's the credit spread? >> investment grade or high yield. >> there you go. investment grade corporate bonds. high yield junk corporate bonds? >> uh i would pick and choose among them. i think there are some names you want to look at in the high yield space. i don't think you want to be indeskrim gnat. >> i could talk to you for 20 minutes. the producers are screaming at me. >> my pleasure. >> if you aren't the next treasury secretary, i don't know why. >>> apple is the most valuable company of all time. headlines are next. there are a lot of warning lights and sounds vying for your attention. so we invented a warning you can fe
given the slowdown in china. given the fiscal restraint already coming through, the head winds we have, the u.s. economy is being resilient. i hope we keep it up. >> you are the guru of bonds for blackrock. what's your favorite investment? >> you pressed me on the fed. as long as they keep pressing down they are forcing us into credit spreads. they are hording the duration and curve. >> what's the credit spread? >> investment grade or high yield. >> there you go....
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Aug 21, 2012
08/12
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but three, we're starting to worry about the inflationary people's bank f of china. i think there's a tiny bit of inflation fuelling gold and silver to a degree. >> i don't buy it. i don't think there's any inflation anywhere on the planet. maybe in the next three to five years, but i think right now, people are running for a safe haven into gold. >> why are they they selling bonds? >> golds are cheaper than bonds. bonds are very expensive. it crossed a technical foint. i'm just saying this, i don't know what's going to happen, okay? i can't predict. but there's so much talk about israel going after iran in a kind of october surprise before the election. what i'm trying to get, jim, is your take on how investors should look at this. do you get out of the market? do you stay long oil and gold? i understand the strategic petroleum reserve may be unleashed. i understand the saudi, 10 million barrels a day. i get that. but i still think war breaks out between israel and iran, and all hell breaks out in financial markets around the world. that's my own instinct. >> okay.
but three, we're starting to worry about the inflationary people's bank f of china. i think there's a tiny bit of inflation fuelling gold and silver to a degree. >> i don't buy it. i don't think there's any inflation anywhere on the planet. maybe in the next three to five years, but i think right now, people are running for a safe haven into gold. >> why are they they selling bonds? >> golds are cheaper than bonds. bonds are very expensive. it crossed a technical foint. i'm...
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Jun 4, 2012
06/12
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didn't mean to say that mitt romney had a sterling business record, i was talking about sterling tea in china. >> that's what i was trying to say. this guy axelrod and plough and jarrett, they are so far left and they are taking obama and pulling him further and further to the left. that's why he can't win. if you ask me, that's why he can't win. i hope you'll come back. i want to continue this conversation. i appreciate your very brave words on the blog. many thanks to former congressman archer davis. up next, government gone wild. black boxes are for planes. but why are states suddenly looking to put them in your car? here's a hint. taxes. we will expose which states right after the break. ♪ welcome to the world leader in derivatives. welcome to superderivatives. >>> welcome back to "the kudlow report." here's a government outrage story. minnesota and oregon testing new programs to tax motorists for how many miles they travel rather than how much gasoline they buy. they may be the first but they won't be the last. basically putting uncle sam in the back seats of all your cars. this is not
didn't mean to say that mitt romney had a sterling business record, i was talking about sterling tea in china. >> that's what i was trying to say. this guy axelrod and plough and jarrett, they are so far left and they are taking obama and pulling him further and further to the left. that's why he can't win. if you ask me, that's why he can't win. i hope you'll come back. i want to continue this conversation. i appreciate your very brave words on the blog. many thanks to former congressman...
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Mar 3, 2012
03/12
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and china is really moving oil up, and they are major sectors in the s&p. and how far can this story go? let's say oil goes back to $110 or $115? would you buy or sell stocks on that? >> i wouldn't worry about it at 110 or 115. 12 uft last 14 months crude has traded at least $100. oil prices rallying and stocks being fairly bouyant, they've been living in the same house for quite a long time, but the thing that's even more amazing to me is that there is no question that the economic numbers are getting better, not worse currently. even the economy, not just the stock market is living about high oil prices. 110, 115 -- >> i want to say jim is totally right. you can see in sort of the implied volatility in the oil market, it hasn't really spiked. i think jim is exactly right. the different is we might be shifting from a demand led increase into what may be a supply shot-led increase, and that has a different affect entirely. >> no, i think there's no question that both those things are there. >> dan greenhouse, on the supply shock, you're worried about an ira
and china is really moving oil up, and they are major sectors in the s&p. and how far can this story go? let's say oil goes back to $110 or $115? would you buy or sell stocks on that? >> i wouldn't worry about it at 110 or 115. 12 uft last 14 months crude has traded at least $100. oil prices rallying and stocks being fairly bouyant, they've been living in the same house for quite a long time, but the thing that's even more amazing to me is that there is no question that the economic...
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Jun 8, 2012
06/12
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here i disagree with the china skeptics that there won't be an implosion. >> what's your favorite investment placement right now? >> i think u.s. equities are poised -- there was a letdown here in april and may on the idea, as zach says, the end of the world is here, a binair equation. germany has a lot of money. what they've got asking is for some government downsizing in the periphery. remember, greece said not us, we're not -- >> sometimes a rising tide can lift all -- >> i think the opportunity is huge. >> i agree with david, you just -- >> favorite investment. >> global equities and u.s. leveraged, but you do have to be careful in this market. >> thank you, gentlemen. great stuff. very interesting, buy america. up next on kudlow, mitt romney is in the market, and they are auditioning at today's conservative cpac meeting in chicago, so in a very cnbc way, if contenders like chris christy, should romney buy, sell or hold? our political market may have beens when we come back. k. financial consultation ttd# 1-800-345-2550 when companies try to sell you something off their menu ttd# 1-800-3
here i disagree with the china skeptics that there won't be an implosion. >> what's your favorite investment placement right now? >> i think u.s. equities are poised -- there was a letdown here in april and may on the idea, as zach says, the end of the world is here, a binair equation. germany has a lot of money. what they've got asking is for some government downsizing in the periphery. remember, greece said not us, we're not -- >> sometimes a rising tide can lift all --...